Friday, February 6, 2015

February 12 Weekly Tech Article

"Twitter’s Revenue Grows Despite User Stagnation" 

  • the number of Twitter users is surprisingly low to the company, being only about one fifth of the amount of users who use Facebook 
  • analysts expected Twitter to have about 291 million regular users by this time, but it only has about 288 million 
  • Twitter surpassed analysts' expectation of $453 million for revenue, however, by having revenue of $479 million in the fourth quarter 
  • Twitter's revenue rose up 97 percent compared with $243 million a year ago 
  • Twitter recently reported a profit of $79 million, which is a huge increase compared to its profit of $10 million a year ago 

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